At the beginning of the year Arsenal were in talks with Atletico Madrid for forward Adrian Lopez. The attacker was one of the stars of Spain’s European Under-21 champions of 2011 - alongsides Thiago Alcantara, Javi Martinez and Juan Mata.
Back then he was a striker at Deportivo la Coruna, and he signed for Atletico that summer on a Bosman deal.
He was superb in his first season. He scored 19 goals in all competitions for Los Rojiblancos.
With that in mind, he was linked with several moves away from the club the following summer - with Arsenal the main front-runners.
But his second season with at The Calderon was poor. Used often out of position on the right wing he failed to have as significant an impact in 2012-13.
With that in mind Arsenal felt they could grab a bargain, and approached the La Liga side with a reported €10 million bid in January this year.
But Atletico were still valuing their player based on his 2011-12 performances - and reportedly wanted €18 million for the player.
Arsenal obviously did not want to pay that much for the player, and they pulled the plug - but it appears they could have got the player this Deadline Day for much less.
Lopez, who would fit in perfectly with Arsenal’s formation, has agreed a deal in principle with AS Monaco to spend the season on loan in the principality.
He comes highly recommended by Radamel Falcao, who has also made the same switch this summer, and the 25-year-old would be the second former Arsenal target Monaco sign this summer - after Geoffrey Kondogbia at the start of the week.
The deal is not yet done. Atletico reportedly want to secure a replacement for the player first before rubber stamping the deal.
Arsenal appear to have bigger fish to fry, with Mesut Ozil in particular their main target for the day - but Lopez could have been and could still be be an excellent loan signing.
Should Arsenal try usurping Monaco for Lopez?
image: © azuaje